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Título:
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Taxing or subsidizing factors' rents in a simple endogenous growth model with public capital
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Autores:
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Marrero, Gustavo A. ;
Novales Cinca, Alfonso
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Tipo de documento:
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texto impreso
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Editorial:
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Instituto Complutense de Análisis Económico.Universidad Complutense de Madrid, 2003
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Dimensiones:
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application/pdf
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Nota general:
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info:eu-repo/semantics/openAccess
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Idiomas:
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Palabras clave:
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Estado = Publicado
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Materia = Ciencias Sociales: Economía: Macroeconomía
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Tipo = Documento de trabajo o Informe técnico
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Resumen:
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This paper tackles the fundamental issue in public finance of wether taxing or subsidizing factor rents. In a one sector endogenous growth model with private and public capital, similar to that in Barro (1990), we find that raising taxes on factors’ income as part of an optimal
fiscal policy is a more pervasive result than it seems. The interaction of technological and fiscal externalities is central for this result. For instance, high enough levels of wasteful expenditures to output ratio could make positive income taxes enhance welfare. This ratio would need to be smaller, the lower the spillover externality and/or the larger the elasticities of private and public capital in the private production function.
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En línea:
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https://eprints.ucm.es/id/eprint/7702/1/0303.pdf
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